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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

CDSL-Reiterated SEBI Circular Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection

12-Jun-2025 | CDSL/OPS/DP/POLCY/2025/392

CDSL has Reiterated SEBI circular regarding the Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection by SEBI Registered Intermediaries from Investors, effective from 1st October, 2025.

Key highlights of the circular include:

a. Annexure A provides a flowchart that outlines the end-to-end process, including key decision points regarding the allocation and implementation of structured UPI IDs.
b. While the use of this structured UPI mechanism is optional for investors, it is mandatory for intermediaries to obtain and provide this structured UPI address to their investors.
c. SEBI is launching a new feature called SEBI Check, which will help investors verify the legitimacy of entities before engaging in financial transactions.
d. Annexure B contains a list of abbreviations for UPI Username Suffixes, categorized by Intermediary Type.
e. The utility for generating usernames is outlined in Annexure D. Usernames must be generated using this utility only.
f. Intermediaries will be allocated a unique and easily recognizable handle for their UPI address to ensure identification.

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